The Ripple is one of the well-known cryptocurrencies around the world, it is a gross settlement system which supports Te use if fiat currencies, cryptocurrencies and remittances. The ripple is a system which makes use of the cryptocurrency known as Te “Ripples”. The Ripples, also known as XRP which functions as a means of transacting between two or more people without the use of its shared ledger. The ledger allows people to be able to trade the ripples for real money in banks and other financial institutions. The ripples have been adopted by so many companies which include the Santander and UBS, it has also been used as a settlement payment in banks die to its payments speed within the network, the stability if the technology and ability of the ripples to function as a bridge currency.
The ledger of the ripples or XRP is an open source codebase that has the capability of performing more than 1500 transactions at once within a second. The ripple is very fast with its technology and the technology used varies from other types of method or payment mode used by the other cryptocurrencies. The ripple creates an avenue for the bank to be able to have a solid evidence of any transaction made with the use of the ripple technology.